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February 21, 2014updated 04 Apr 2017 4:08pm

Digital currency exchange launches in UK

A trading platform claiming to be the world's first exchange platform taking card payments for digital currencies has launched in the UK.

By Elizabeth Choppin

A trading platform claiming to be the world’s first exchange platform taking card payments for digital currencies has launched in the UK.

BinaryFund currently only trades in the crypto currencies bitcoin and litecoin, but plans to add more currencies in the future.

Tedros Mehari, director of Technology at BinaryFund said, "BinaryFund is designed to be secure, instant, reliable and easy.

"We have totally re-imagined the role of digital currency, making it convenient, quick and above all, a natural choice.

"We expect that digital currencies will be widely adopted within the next year to 18 months thanks to low volatility and increased trust, larger investment and more widespread use. BinaryFund is the first step in making this possible."

The platform also claimed to be faster than other exchange platforms, which it said can take days to complete digital currency transactions.

Amongst BinaryFund’s aims is the establishment of a crypto currency council for the UK.

The company said: "This means that it would have a neighbourhood of diverse businesses all located in the same area all working in and accepting digital currency payments."


Related articles:

UK’s first bitcoin ATM to launch soon: Report

MTGox to resume bitcoin trading after closing loophole

Bitcoin value falls after Silk Road 2 hacked to the tune of $2.7m

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